I will not withdraw this point. It isn't hyperbole.
Cryptocurrency technology has the economic and social incentive structures of ponzi and pyramid schemes; and primarily enables fraud. The purpose is avoiding the law.
The best that can be said, about the unwitting, is they aren't conscious of the incentive structures they participate in; and hence spread scams without realising it. This is indeed, how pyramid schemes work.
These libertarian ideological projects prove Hobbes point: absent governance, life in society is "nasty, brutish, and short".
The properties of these systems ruin people's lives for the sake of providing, at its "most noble", and ideological casino for people to cosplay a financial system. And that nobility is really just a pyramid scheme framing device for spreading the scam around.
The ideological window dressing is nothing more than "hey, maybe these vitmins will cure cancer. Dont you want to cure cancer?! Don't you think BigPharma is terrible?! Dont you think the healthcare system is broken?! Here, take 100 boxes of these vitamins -- everyone wants them!"
Your prior statement claimed that that "Crime [is] the point", have you weakened your position or are you just saying it another way?
How is "avoiding the law" the purpose of Bitcoin? Please connect your argument to supporting materials.
Payment channels allow arbitrarily high transaction rates w/ bitcoin, I've seen demonstrations sustaining hundreds of transactions per second. A side effect of their scalability is that no one knows the actual transaction rate-- only the few transactions related to opening and closing channels are broadcast.
> Crime isnt a side-effect, it's the point.
That is false and defamatory. Please withdraw this point.